Artikel
Review of research into enterprise bankruptcy prediction in selected Central and Eastern European countries
In developed countries, the first studies on forecasting bankruptcy date to the early 20th century. In Central and Eastern Europe, due to, among other factors, the geopolitical situation and the introduced economic system, this issue became the subject of researcher interest only in the 1990s. Therefore, it is worthwhile to analyze whether these countries conduct bankruptcy risk assessments and what their level of advancement is. The main objective of the article is the review and assessment of the level of advancement of bankruptcy prediction research in countries of the former Eastern Bloc, in comparison to the latest global research trends in this area. For this purpose, the method of analyzing scientific literature was applied. The publications chosen as the basis for the research were mainly based on information from the Google Scholar and ResearchGate databases during the period Q4 2016-Q3 2017. According to the author's knowledge, this is the first such large-scale study involving the countries of the former Eastern Bloc-which includes the following states: Poland, Lithuania, Latvia, Estonia, Ukraine, Hungary, Russia, Slovakia, Czech Republic, Romania, Bulgaria, and Belarus. The results show that the most advanced research in this area is conducted in the Czech Republic, Poland, Slovakia, Estonia, Russia, and Hungary. Belarus Bulgaria and Latvia are on the other end. In the remaining countries, traditional approaches to predicting business insolvency are generally used.
- Language
-
Englisch
- Bibliographic citation
-
Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 6 ; Year: 2018 ; Issue: 3 ; Pages: 1-28 ; Basel: MDPI
- Classification
-
Wirtschaft
Bankruptcy; Liquidation
Financial Forecasting and Simulation
International Finance Forecasting and Simulation: Models and Applications
Multiple or Simultaneous Equation Models: Classification Methods; Cluster Analysis; Principal Components; Factor Models
- Subject
-
corporate bankruptcy prediction
bankruptcy risk
financial analysis
comparative analysis
- Event
-
Geistige Schöpfung
- (who)
-
Prusak, Błażej
- Event
-
Veröffentlichung
- (who)
-
MDPI
- (where)
-
Basel
- (when)
-
2018
- DOI
-
doi:10.3390/ijfs6030060
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Prusak, Błażej
- MDPI
Time of origin
- 2018
Other Objects (12)
Early Warning System for Bankruptcy: Bankruptcy Prediction
Learning Machines Supporting Bankruptcy Prediction
A Model of Bankruptcy Prediction
Learning machines supporting bankruptcy prediction
Bankruptcy prediction with support vector machines
Bankruptcy prediction using machine learning techniques
On unbalanced sampling in bankruptcy prediction
Personal bankruptcy prediction using decision tree model
Bankruptcy prediction models based on value measures
Dynamic bankruptcy prediction models for european enterprises
Financial performance evaluation and bankruptcy prediction (failure)
Corporate bankruptcy prediction: International trends and local experience
Early Warning System for Bankruptcy: Bankruptcy Prediction
Learning Machines Supporting Bankruptcy Prediction
A Model of Bankruptcy Prediction
Learning machines supporting bankruptcy prediction
Bankruptcy prediction with support vector machines
Bankruptcy prediction using machine learning techniques
On unbalanced sampling in bankruptcy prediction
Personal bankruptcy prediction using decision tree model
Bankruptcy prediction models based on value measures
Dynamic bankruptcy prediction models for european enterprises
Financial performance evaluation and bankruptcy prediction (failure)
Corporate bankruptcy prediction: International trends and local experience
Early Warning System for Bankruptcy: Bankruptcy Prediction
Learning Machines Supporting Bankruptcy Prediction
A Model of Bankruptcy Prediction
Learning machines supporting bankruptcy prediction
Bankruptcy prediction with support vector machines
Bankruptcy prediction using machine learning techniques
On unbalanced sampling in bankruptcy prediction
Personal bankruptcy prediction using decision tree model
Bankruptcy prediction models based on value measures
Dynamic bankruptcy prediction models for european enterprises
Financial performance evaluation and bankruptcy prediction (failure)